Armenia: Value added in the agricultural sector as percent of GDP
For that indicator, The World Bank provides data for Armenia from 2012 to 2018. The average value for Armenia during that period was 16.67 percent with a minimum of 13.7 percent in 2018 and a maximum of 18.43 percent in 2013.
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The importance of agriculture in the economy of Armenia and other countries is measured as the value added of the agricultural sector as percent of GDP. Agriculture includes forestry, hunting, and fishing, as well as the cultivation of crops and livestock production.
Definition: Agriculture corresponds to ISIC divisions 1-5 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4.